Palm oil futures rise on production and demand concerns
Bursa Malaysia Derivatives palm oil for November delivery rose 39 ringgit to 4,853 ringgit a ton, with market talk citing production and demand worries.
Palm oil rose, with the Bursa Malaysia Derivatives contract for November delivery rising 39 ringgit to 4,853 ringgit a ton. The move came despite concerns over rising stockpiles and slowing export demand, with higher crude oil prices and lingering worries about yields and future production tied to El Nino weather.